WTO: China rare earth quota system challenges
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- Category: Rare Earth News
- Published on Monday, 04 November 2013 17:39
- Written by HJF
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October 28, 2013 , the Commerce Department announced the 2014 rare earth export quota reporting conditions and reporting procedures . If launched from 1998 rare earth export quota license system date, this model has more than 15 years.
Now, the earth is facing a change in the quota system . Foreign media recently reported that Chinese exports of rare earths regulation triggered America, Europe and China trade litigation, WTO WTO has basically endorsed the idea of America, Europe , and has issued a tentative judgment relevant national notice , finds a violation of China 2001 WTO accession agreement commitments.
October 30 , learned from authoritative sources , at present, government departments have already commenced discussions on the news , "message should be true ." The official said China is very difficult to restore the situation .
Chinese Ministry of Commerce and Ministry of Industry and so had repeatedly stressed that China adopt a quota system for rare earth and make industry consolidation , the purpose is to protect resources and the environment and achieve sustainable development , in line with WTO rules . The Chinese government has no intention of trade-distorting way to protect domestic industries .
Preliminary ruling unfavorable to China
Last March , the United States on China for rare earths , tungsten and molybdenum export controls imposed questioned that these restrictive measures on these raw materials in the international market on the supply chain caused huge distortions and harmful interference. EU and Japan also made the request for consultations with China .
China has about 23% of the world 's rare earth reserves , but long-term supply more than 90 percent of global rare earth production. Previously few years, China has been in the export of rare earth export quota system perform , that is clearly a year of domestic manufacturing enterprises meet the relevant conditions of export volume and distribution companies , in order to protect resources and the environment and realize sustainable development.
Commerce Department released data show that China's rare earth export quota year 2010 a total of 30,258 tons , compared to 2009 decreased by almost 40% , while in 2004-2009 , rare earth export quotas of 66,000 tons , 66,000 tons , 62,000 tons , 60,000 tons , 47,000 tons , 50,000 tons , the annual amount did not exceed the 10% decrease .
"Foreign mainly aimed at China's quota system , which is not enough to use the problem is for this thing is reasonable . " Baotou a rare corporate executives , said rare earth is just " the beginning , "the lawsuit defeated, will involve numerous resources sector .
The parties, of rare earth quotas actually originated in the year of entry agreement , some of the rare element was not added attention and was not included in the scope of protection included in the negotiations , the Chinese did not realize at that time , and later found out, to come up with a quotas.
In fact, in some specific cases, WTO rules allow members to conduct export control , in which one out of non-renewable natural resources protection. But Europe and the United States put forward , if indeed out of this consideration , China 's restrictive measures should also be applied to China 's domestic production.
Multi- channel display , WTO has basically endorsed the idea of America, Europe , and to notify the relevant national judge issued a tentative , finds a violation of 2001 China joined the WTO agreement commitments.
In the eyes of domestic rare earth enterprises , so that the results may not be an accident. "Even if you can appeal , but also a formality , there is not much practical significance. "These rare earth business people said.
Foregoing authorities also revealed that at present , government departments have already started discussions , but " even if unsuccessful , would not immediately abolish the quota ."
It is reported that the equivalent of first instance verdict WTO panel report will be released in mid- November , if the country refuses to accept the award may be related to the WTO High Commission of Appeal.
RE quota dispute
In the rare case before , someone on the reasonableness of rare earth export quota discussion . Which criticized the quota into a commodity reselling , corruption.
Rare earth prices have soared once around 2010 , engaged in rare earth become one of the shortcut to get rich , but slashed rare earth export quota year , a large number of rare earth production plans to export -oriented enterprises due to lack of quotas , eager to have export quota system trading company purchase , prompting index prices have soared .
China Industry Insight Network research and analysis , rare earth export quota system market, " guidance " has reached 120,000 to 170,000 yuan per ton , and even in some months , rare earth export quotas pushed up to 400,000 to 500,000 yuan per ton .
This year, the rare earth export quota of about 30,000 tons per year , but also create new problems . " quota policy enforcement for many years, but this year , every year remaining , but become a burden . " The authorities said .
The source said that the quota of rare earth has existed in name only , not in line with market rules, after fully liberalized influence is there, "Which products have a market on which products impact ."
Noteworthy that the overall supply of rare earth pattern has been the emergence of new changes , the United States , Australia and other countries were launched, some mining plan , there are currently 30,000 tons of production capacity , the future international market in China will also reduce dependence on light rare earths . " If you lose, China's rare earth industry will be more rudderless , rare earth enterprises with foreign direct shopping prices . " preceding business people said.
China is not without preparation.
May 10, 2011 , the State Council issued " on the promotion of the rare earth industry healthy development of a number of opinions ", the Chinese around the rare earth resource development, smelting separation and circulation market order expand regulation by the Ministry of Industry and the formation of large rare earth industry group programs , now the industry has formed a number of sets resource extraction, smelting separation processing and application technology research and development of rare earth industry in one large group .
However, in view of the business people , the rare earth still not completed the integration of clear pattern. "The government will make use of the time for appeal previously thought to achieve integration purposes to play on the international market picked up a fist fight out effect, but did not expect to be so hard to integrate , local, inter-enterprise , as well as upstream and downstream , etc. are all playing the abacus , each hold the interest . "
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Multivariate boost domestic rare earth market stabilization and recovery
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- Category: Rare Earth News
- Published on Monday, 04 November 2013 17:36
- Written by HJF
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Rare earth prices listed ITC package to boost the market , the third national reserve is expected to strengthen again . October 31 , Baotou Steel Rare Earth International Trade company publicly listed price of some rare earth oxide , neodymium oxide, praseodymium which 370,000 yuan / ton, praseodymium oxide 600,000 yuan / ton, neodymium oxide 350,000 yuan / ton, europium oxide 5,000,000 yuan / ton, compared with the current market price is high about 10-20%. Affected by the main varieties of the day market price sideways since the end of a few weeks began to rise , up 1.7% neodymium oxide spectrum , dysprosium oxide rose 2.7%. Ignite the market for publicly listed third national reserve of rare earth is expected to start soon . Last Baotou Steel Rare Earth International Trade Company is a publicly quoted price of rare earth in 12 years on November 30 , coincided with the second national reserve of rare earth starts on the eve of the publicly listed market may lead to the third national reserve of rare earths is expected to . The larger market is expected to purchasing and storage , purchasing and storage species include oxidation spectrum neodymium oxide, praseodymium oxide, neodymium oxide, dysprosium oxide, europium oxide , terbium oxide, yttrium oxide, erbium and so on. Strategic purchasing and storage help to consolidate China in the global supply of rare earth in the dominant position , and enhance the worldwide influence of rare-earth prices .
Interim Report WTO ruled China rare earth export restrictions violations, rare large group is expected to accelerate integration . October 28 , WTO dispute panel 's interim report on the earth has been distributed to America, Europe , and of other parties to the dispute , the report is not currently open, the final report may be 6-8 weeks after the official public limited preliminary Chinese Rare Earth export violations. Interim Report WTO ruled China rare earth export restrictions violations, is expected to accelerate the process of China's rare earth industry consolidation , China is brewing a number of New Deal response to export changing situation , including the crackdown private mines, the proposed introduction of "Rare Management Regulations" , the formation of a large group of rare earth , rare earth brewing different varieties differentiated management. Future production quotas , mandatory plan , the new mining permits and other policies generally inclined to the large group . Recently, Su Bo, vice minister of the Ministry of Industry , said during the forum in Davos , the formation of a large group of rare earth is expected before the end of the introduction program .
Rare earth industry consolidation will usher in peer review stage, the follow-up is expected to further boost the market sentiment. Evening of August 7 MIIT jointly eight ministries issued "Combating rare earth mining , production, circulation of illegal behavior special action program ", decided from 2013 August 15 to November 15 in the fight against rare earth mining , production, circulation illegal violations special action , action is divided into three phases, the first is the August 15 to September 30 of the provincial self-examination stage ; second, 30 September-25 October -departmental joint inspection phase , in conjunction with the Ministry of Industry relevant departments and experts will form the Joint Inspection Unit ; third is 25 October to 15 November rectification work summary stage . Currently progress than planned action has been postponed , the current first phase of the municipal self yet complete , the second phase of more stringent peer review would later usher . We believe that the consolidation scope and intensity of combat or exceed all previous actions over the years more than private mining of rare earth rare earth quota of total control and global consumption has become an important reason to suppress the price of rare earth , rare earth industry consolidation action with depth , rare private mining is expected to be effectively suppressed and boost market sentiment , and thus promote the stabilization and recovery of rare earth prices .
NdFeB business orders show some downstream demand is warmer. Including three rings , including some recent corporate orders NdFeB significantly improved, mainly from the automotive, air conditioning and electronic fields improved. Four quarters of the global car sales are expected to increase with the chain over 5 %, driven by demand recovery vehicle NdFeB . Meanwhile, as the August air conditioning cold year end 2013 , air conditioning companies have entered a new one cold year production cycle, replenishment stocking expected to follow expanded , and by the recent inverter air conditioner energy efficiency standards to enhance boost , inverter air conditioner with neodymium iron- boron demand will boost. In addition, three quarters of North American semiconductor equipment manufacturer quarter BB value of 98 , an increase of 20% in the fourth quarter demand for consumer electronics is expected to maintain moderate growth.
Multiple positive plate usher in promoting investment opportunities in rare earth permanent magnet , reiterated favorable ratings . As the third quarter as well as lower than expected demand for the release of systemic risk , some companies have pulled back to the strategic investment value of the interval . Recent positive constant will bring a whole plate of investment opportunities, including purchasing and storage expectations, group integration, as well as downstream hitting earth warmer and so on.
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November 1st Price of rare earth products
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- Category: Rare Earth News
- Published on Friday, 01 November 2013 17:48
- Written by HJF
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November 1 rare earth products price quotes
Name | Specifications | Origin / Grade | Reference Price | Price | Change |
Rare earth carbonate | REO 42.0-45.0% | Domestic | 27000-28000 yuan / ton | 27500 | 0 |
Lanthanum oxide | La2O3/TREO 99.5-99.9% | Domestic | 26000-27000 yuan / ton | 26500 | 0 |
Cerium oxide | CeO2/TREO 99.5-99.9% | Domestic | 25000-27000 yuan / ton | 26000 | 0 |
Praseodymium oxide | Pr6O11/TREO 99.0-99.9% | Domestic | 560000-580000 yuan / ton | 570000 | 0 |
Neodymium oxide | Nd2O3/TREO 99.0-99.9% | Domestic | 340000-350000 yuan / ton | 345000 | 0 |
Samarium oxide | Sm2O3/TREO 99.5-99.9% | Domestic | 20000-22000 yuan / ton | 21000 | 0 |
Europium oxide | Eu2O3/TREO 99.95-99.99% | Domestic | 4600-4800 yuan / kg | 4700 | -100 |
Gadolinium oxide | Gd2O3/TREO 99.5-99.9% | Domestic | 170000-180000 yuan / ton | 175000 | 0 |
Terbium oxide | Tb4O7/TREO 99.95-99.99% | Domestic | 3700-3900 yuan / kg | 3800 | 0 |
Dysprosium oxide | Dy2O3/TREO 99.5-99.9% | Domestic | 1800-1900 yuan / kg | 1850 | 0 |
Erbium oxide | Er2O3/TREO 99.5-99.9% | Domestic | 350000-355000 yuan / ton | 352500 | 0 |
Yttrium oxide | Y2O3/TREO 99.995-99.999% | Domestic | 65000-75000 yuan / ton | 70000 | -2500 |
Praseodymium neodymium oxide | (Nd2O3 + Pr6O11) / TREO ≥ 75.0% | Domestic | 325000-335000 yuan / ton | 330000 | 0 |
Lanthanum metal | La / TREM ≥ 99.0% | Domestic | 53000-55000 yuan / ton | 54000 | 0 |
Cerium metal | Ce / TREM ≥ 99.0% | Domestic | 60000-65000 yuan / ton | 62500 | 0 |
Praseodymium | Pr / TREM 96.0-99.0% | Domestic | 590000-610000 yuan / ton | 600000 | 0 |
Neodymium | Nd / TREM 99.0-99.9% | Domestic | 440000-450000 yuan / ton | 445000 | 0 |
Metal terbium | Tb / TREM ≥ 99.9% | Domestic | 4800-5000 yuan / kg | 4900 | 0 |
Dysprosium | Dy / TREM ≥ 99% | Domestic | 3000-3200 yuan / kg | 3100 | 0 |
Yttrium | Y / TREM 99.9-99.95% | Domestic | 270-290 yuan / kg | 280 | 0 |
Lanthanum Cerium metal | Ce / TREM ≥ 65.0% TREM ≥ 98.5% | Domestic | 45000-47000 yuan / ton | 46000 | 0 |
Praseodymium neodymium metal | Pr / TREM 20-25% Nd / TREM 75-80% TREM ≥ 98.5% | Domestic | 420000-430000 yuan / ton | 425000 | 0 |
Praseodymium Neodymium Dysprosium metal | TREM ≥ 99.0% | Domestic | 435000-445000 yuan / ton | 440000 | 0 |
Battery grade mixed rare earth | TREM ≥ 99.0% Nd / TREM ≥ 15% | Domestic | 135000-145000 yuan / ton | 140000 | 0 |
Dy alloy | Dy80% | Domestic | 1900000-2000000 yuan / ton | 1950000 | 0 |
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Hohhot Customs seizes rare case value of 12.1 million yuan smuggling case
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- Category: Rare Earth News
- Published on Monday, 04 November 2013 17:33
- Written by HJF
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Hohhot Customs on October 28 announced that collusion between domestic and foreign smugglers smuggling of rare earth export major official closing net, in one fell swoop in smuggling of rare earth five suspects and seized 130 tons of rare earth involved , worth 12.1 million yuan , suspected of tax evasion paragraph nearly 200 million yuan.
August 17, 2012 , Hohhot Customs investigation is being carried by a smuggling gang smuggled to Vietnam from the Baotou Rare Earth , immediately set up a task force to carry out anti-smuggling case detection and case named " 8.17 " rare earth smuggling case . Panel quickly locked the companies involved , as well as inside and outside the main people involved in the specific commodity involved in rare earth and rare earth mastered from sources to buy , to Guangxi delivery , and then smuggled and capital flows such as smuggling basic context . Subsequently, the panel quickly carry out the external evidence, get involved in the business , personnel basic information to determine the specific time of financial transactions , payment and collection personnel information and the specific amount and so on. Through clues about intelligence and investigative information , lays out the flow of goods involved and the actions involved trajectory analysis to find out the transport drivers , then goods and the domestic delivery location and other details . Meanwhile, the combined results of the analysis , the panel around the flow of goods , capital flow and information related to personnel to carry out the investigation and evidence collection, evidence of further solidify the case .
According to the anti-smuggling to investigators, the case from filing to close the net year-long , in the investigation process, the task force met with difficulties, cracked a number of doubts , domestic companies and foreign companies trading in the place of delivery conventions in the country, while foreign companies will be paid through underground banks in Guangxi Guangxi remitted from Baotou designated account. Two companies in the domestic trade as a cover to avoid regulation , to carry out illegal trade practices hidden, more links , law enforcement agencies can not easily be found . Involved in the supply of rare earths in Baotou City , smuggling occurred in Guangxi -Vietnam border , more than 3000 km away from the two , and some of the people involved fled abroad , investigative forensic work to bring greater difficulties. Task force sent a large number of police rushed to the Guangxi Pingxiang , Dongxing smuggling of rare earth and other places verification link, the police task force to overcome the geographic region Guangxi Port unfamiliar environment, human environment and law enforcement environment, many difficulties , struggling to carry out forensic work . In this process , the task force has been strong with the anti-smuggling department of Guangxi , assistance, access to a very important clues . The case is successfully detected , for a similar offense of smuggling has a great deterrent , but also to produce a strong anti-smuggling enforcement guidance and reference .
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November 1 RE Market Price
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- Category: Rare Earth News
- Published on Friday, 01 November 2013 17:43
- Written by HJF
- Hits: 1384
November 1 : this rare earth market in the doldrums, demand remains in the doldrums, manufacturers do not offer in the main part of small and medium sized manufacturers of low-cost shipping due to weak demand , the downstream demand procurement , wait and see mood strong , purchasing and storage plan is drawing near, short rare or difficult to significantly lower prices , mainly stalemate .
Dysprosium oxide mainstream manufacturers incl 180-190 yuan / ton, dysprosium iron mainstream manufacturers tax price 190-200 yuan / ton.
Praseodymium oxide mainstream manufacturers tax price 560,000-580,000 yuan / ton. Neodymium oxide 340,000-350,000 yuan / ton.
Lanthanum oxide manufacturers tax price 26,000-27,000 yuan / ton. Cerium oxide mainstream manufacturers tax price 25,000-27,000 yuan / ton.
Neodymium oxide, praseodymium mainstream manufacturers tax price 325,000-335,000 yuan / ton , praseodymium neodymium metal mainstream manufacturers tax price 425,000-435,000 yuan / ton.
Europium oxide phosphor grade mainstream manufacturers tax price 4,600-4,800 yuan / kg . Terbium oxide phosphor grade mainstream manufacturers tax price 3,700-3,900 yuan / kg .
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